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77
Tasty Pastry, a retail bakery, is a partnership. In terms of the firm’s income taxes on its profits, each partner is liable for
a. a pro rata share only if the profits are distributed.
b. a pro rata share whether or not the profits are distributed.
c. the entire amount.
d. none of the above.
a. a pro rata share only if the profits are distributed.
b. a pro rata share whether or not the profits are distributed.
c. the entire amount.
d. none of the above.
a. a pro rata share only if the profits are distributed.
Begründung:
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Begründung:
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Flashcard info:
Author: Elisa
Main topic: Law
Topic: International Law
School / Univ.: Hanze Hogeschool
City: Groningen
Published: 14.02.2010